Top crypto tweets of the day – May 16th

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• India spearheads cross-border CBDC payment solutions

  TL;DR Breakdown India is spearheading the adoption of its digital currency, the digital rupee, for cross-border payments. The Reserve Bank of India (RBI) is in discussions with 18 countries to use the digital rupee for foreign trade. This initiative helps conserve India’s US dollar reserves and could aid countries with dollar shortages. Description Embracing the promise of the digital future, India is paving the way for transforming the landscape of cross-border payments. Through the ingenuity of the Reserve Bank of India (RBI), the nation is steadily making strides in implementing its Central Bank Digital Currency (CBDC), known as the “digital rupee“. India’s ambitious endeavors in the field are … Read more Embracing the promise of the digital future, India is paving the way for transforming the landscape of cross-border payments. Through the ingenuity of the Reserve Bank of India (RBI), the nation is steadily making strides in implementing its Central Bank Digital Currency (CBDC), known as the “digital rupee“. India’s ambitious endeavors in the field are not confined to its borders. The country is spearheading a massive effort to realize…

  Article 2023年7月7日

• AnubisDAO rug pull funds move again via infamous Tornado Cash

  TL;DR Breakdown AnubisDAO funds moved in 100 ETH subsequent transactions through Tornado Cash In June last year, the same address moved 1,097 ETH ($1.3 million) and laundered 1,018 ETH ($1.18M) through Tornado Cash Tornado Cash has become increasingly popular over the years with crypto hackers and scammers Description About two years after AnubisDAO was rug-pulled for 13.5K ETH, the funds have been moved via Tornado Cash, a decentralized protocol that enhances the privacy of on-chain activities. The dog-inspired decentralized finance project’s funds were drained in October 2021 after only 20 hours of the project going live. Etherscan showed that the funds moved on … Read more About two years after AnubisDAO was rug-pulled for 13.5K ETH, the funds have been moved via Tornado Cash, a decentralized protocol that enhances the privacy of on-chain activities. The dog-inspired decentralized finance project’s funds were drained in October 2021 after only 20 hours of the project going live. Etherscan showed that the funds moved on Tornado Cash between July 15 and 16, as PeckShieldAlert reported. The address, still holding funds from the rug pull,…

  Article 2023年7月17日

• Tether Ventures into Sustainable Bitcoin Mining, Invests in Energy Production in Uruguay

  TL;DR Breakdown Tether expands into energy production and sustainable Bitcoin mining in Uruguay, showcasing its commitment to technological innovation and environmental responsibility. By utilizing Uruguay’s renewable energy resources, Tether aims to minimize the ecological impact of Bitcoin mining while leading the way toward greener blockchain solutions. Tether, the blockchain-enabled platform behind the world’s most widely used stablecoin, has announced a significant investment in energy production and the launch of sustainable Bitcoin mining operations in Uruguay. Collaborating with a local licensed company, Tether aims to extend its influence from finance and communications to the energy sector, positioning itself as a global technology leader. By embracing energy innovation, Tether demonstrates its commitment to the future of cryptocurrency and sustainable practices. Contents hide 1 Tether’s Bold Step Towards Global Tech Leadership 2 Tether’s Commitment to Sustainable Bitcoin Mining 3 Tether Spearheads Sustainable Bitcoin Mining in Uruguay 4 Conclusion Tether’s Bold Step Towards Global Tech Leadership With its recent foray into energy production, Tether is expanding its horizons beyond the realm of finance and communications. As part of its strategy to become a global…

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• Monero price analysis: XMR trades at $136, as bulls struggle to climb past $137.00

  TL;DR Breakdown Monero price analysis suggests sideways movement across the short term. The closest support level lies at $135.00 XMR faces resistance at the $147.00 mark The Monero price analysis shows that the XMR price action has found support at the $135.00 mark. Currently, the price action has risen to the $138.00 level and seems to be recovering further.  The broader cryptocurrency market observed a negative market sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include BNB and XRP recording a 9.56 and an 8.53 percent decline respectively.  Monero price analysis: XMR sticks to $136.00 Technical indicators for XMR/USDT by Tradingview The MACD is currently bearish as expressed in the red colour of the histogram. On the other hand, the lighter shade of the indicator suggests an increasing bearish momentum as the price bounces back at the $135.00 support level.  The EMAs are trading below the mean position as net price movement over the last ten days remains strongly negative. Currently, the EMAs are trading far from each other showing strong bearish momentum…

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• Central African Republic leverages Bitcoin and IMF’s credit facility to boost economy

  TL;DR Breakdown CAR progresses in a 38-month IMF-backed fiscal reform program. IMF anticipates 2.2% GDP growth for CAR post-Bitcoin adoption. Despite delays, the government continues with the Sango Project, promoting cryptocurrency integration. The Central African Republic (CAR) has embarked on an ambitious 38-month journey under the Extended Credit Facility (ECF) with the International Monetary Fund (IMF). This initiative, part of the 2023 Article IV Consultation, demonstrates the nation’s commitment to transformative fiscal reforms to stimulate economic growth and achieve financial stability. CAR’s reform agenda, as detailed in the IMF report, spotlights key measures that have seen noteworthy progress. The central piece of these initiatives is consolidating the Treasury Single Account (TSA). With the IMF’s technical assistance, the government is working diligently to merge all government bank accounts under a single platform, thus providing a panoramic view of cash resources at the state’s disposal. The first half of 2023 anticipates an important agreement between the Bank of Central African States and the Treasury, setting the stage for the management of the TSA. The government intends to improve fiscal transparency by extending…

  Article 2023年5月26日